+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Airbnbs in NYC are overwhelmingly single apartments, not giant hotel-like networks

Dec 2, 2015, 03:42 IST

Supporters of Airbnb hold a rally outside City Hall, Tuesday, Jan. 20, 2015, in New York.AP Photo/Bebeto Matthews

Airbnb has often claimed that its home-sharing hosts are mostly apartment dwellers who rent out their homes to make ends meet.

Advertisement

Now, for the first time, the startup is releasing the stats to prove it.

In a new data release, Airbnb claims that 95 percent of entire-home hosts only have one listing on the platform in New York City. An additional four percent (or 99 percent of the entire home listings) are from hosts with two properties.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

The company is trying to dispel the myth that many Airbnb users are rental corporations or greedy landlords who are keeping units off the market by only using their home for extra income. Of the 35,966 active Airbnb listings on the platform, 19,742 are entire home units (meaning you can rent the apartment without having the host as your roommate).

In the next year, Airbnb projects that the hosts who own six or more listings will become an even smaller slice of revenue from New York. Those mega-networks of units, which include actually includes a hotel according to the company, will shrink to only 2 percent of the overall hosting revenue, compared to 7 percent now.

Advertisement

Airbnb made a pact in November to start releasing anonymized data about how its hosts use the platform in different cities. New York City, a often contentious market for the company, is the first city to have its data released to the public.

Here are the stats:

Airbnb

NOW WATCH: You can get a room in NYC for $39 a night on Airbnb - you just have to sleep in a van in Queens

Please enable Javascript to watch this video
Next Article